Ambodilafa Update

Jubilee Platinum PLC
15 September 2006



                              JUBILEE PLATINUM PLC
                          ('Jubilee' or 'the Company')

       Jubilee mobilises drilling for the Ambodilafa project, Madagascar


Highlights


•         Jubilee has received all regulatory approvals to commence drilling at
the Ambodilafa nickel-copper-PGE project in Madagascar



•         Impala Platinum Holdings Limited ('Implats') is satisfied that Jubilee
meets Conditions Precedent in the Joint Venture Option Agreement and has
approved Phase 1 funding



•         Jubilee has started to mobilise equipment to drill the large versatile
time domain electromagnetic ('VTEM') anomaly



•         Drilling expected to begin by week commencing 18th September 2006





Jubilee is pleased to announce that it has received the appropriate regulatory
approvals to embark on the first phase of exploration drilling on its
prospective nickel-copper-PGE (platinum group element) VTEM anomaly at the
Ambodilafa project in Madagascar.



Jubilee's joint venture partner on the Project, Implats, is satisfied that
Jubilee has met all Conditions Precedent and has approved funding to December
2006 to contribute to phase one of the exploration programme as per the Joint
Venture Option Agreement announced on 6 April 2006.



The drilling contract has been awarded and transport of drill equipment to the
site has commenced. Drilling is scheduled to start before 18th September 2006.



Colin Bird CEO said, 'We have been meticulous in obtaining the necessary permits
and now have all necessary approvals in place to begin our drilling campaign.
We will now drill test the large prospective nickel-copper-PGE geophysical
target previously identified using a helicopter-borne VTEM system.  We look
forward to working with our joint venture partner Implats on the development of
this exciting project.'





About Ambodilafa



Jubilee's large 4 kilometres wide by 14 kilometres long Ambodilafa concession is
part of an extensive mafic-ultramafic system. The property is located some 160
kilometres southeast of the Madagascan capital Antananarivo.



Previous regional reconnaissance drilling by others in the area, in 1969,
included an intersection of 93 metres of disseminated sulphides, containing
pyrrhotite, pentlandite (nickel ore mineral) and chalcopyrite (copper ore
mineral) averaging 1% copper equivalent (as reported). The intersection included
a 1.5 metre intercept assaying 2.2% nickel and 0.35% copper. The drill cores
were not analysed for their PGE content, but later stream sediment sampling in
1990 defined several drainage catchments in the area, which showed anomalous
platinum and palladium values.



This earlier drilling, which focussed on screening identified geochemical
anomalies, was carried out generally to the west of a significant
electromagnetic geophysical anomaly identified by others in 1969 and
subsequently confirmed by the recently announced results (8 December 2005) of
the helicopter-borne Versatile Time-Domain Electromagnetic geophysical survey
over the same area.




For further information please contact:



Colin Bird                           Cathy Malins / Annabel Leather
Jubilee Platinum plc                 Parkgreen Communications Ltd
Tel: [phone]                   Tel [phone]






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